Critical data has been announced! How did Dolar and Euro start the day? How much is Dollar and Euro? Foreign exchange prices on April 11, 2024 – Last Minute Economy News
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Analysts stated that the inflation data announced in the USA, which strengthened the view that the Fed would not rush to reduce interest rates, had an impact on asset prices.
The Consumer Price Index (CPI) in the country was above market expectations, with an increase of 0.4 percent on a monthly basis and 3.5 percent on an annual basis in March.
While it is certain that the Fed will leave the policy rate constant at the May meeting, according to the pricing in the money markets following the inflation data, the probability of the first interest rate cut has decreased to 22 percent for June.
On the other hand, the minutes of the last published meeting of the Fed revealed that Fed officials are of the opinion that the latest data do not increase confidence that inflation has decreased sustainably to 2 percent.
HOW MUCH ARE DOLLAR AND EURO?
Dollar/TL, which moved in an upward trend yesterday, completed the day at 32.30.
After starting the new day with a horizontal course, Dollar/TL is traded around 32.29 in Forex markets as of 10:45.
At the same minutes, Euro/TL is sold at 34.68.
The dollar index is at 105.2, just above its previous close.
IT IS EXPECTED TO KEEP THE INTEREST RATE STABLE
Stating that the interest rate decision of the European Central Bank (ECB) and the Producer Price Index (PPI) in the USA will be the focus of the markets today, analysts said that it is certain that the ECB will keep the interest rates constant at today’s meeting, the policy text and ECB President Christine Lagarde. He said that the signals to be received from ‘s statements are expected to have an impact on the direction of the markets.
Analysts noted that technically, 106 and 107 levels in the dollar index stand out as resistance, while 105 and 104 stand out as support.
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